OMB No.

1545-0074
SCHEDULE J Farm Income Averaging
(Form 1040)
Department of the Treasury
© Attach to Form 1040. 1998
Attachment
Internal Revenue Service © See Instructions for Schedule J (Form 1040). Sequence No. 50
Name(s) shown on Form 1040 Social security number (SSN)

1 Enter your taxable income from Form 1040, line 39 1

2 Enter your elected farm income (see page J-1) 2

3 Subtract line 2 from line 1. If zero or less, enter -0- 3

4 Figure the tax on the amount on line 3. Use the 1998 Tax Table, Tax Rate Schedules, or
Schedule D, whichever applies 4

5 Enter the taxable income from your 1995 Form 1040, line 37; Form
1040A, line 22; Form 1040EZ, line 6; or Form 1040-T, line 25 5
6 Divide the amount on line 2 by 3.0 6

7 Add lines 5 and 6 7

8 Figure the tax on the amount on line 7. Use the 1995 Tax Rate Schedules or Capital Gain Tax
Worksheet, whichever applies (see page J-2) 8

9 Enter the taxable income from your 1996 Form 1040, line 37; Form
1040A, line 22; or Form 1040EZ, line 6 9
10 Enter the amount from line 6 10

11 Add lines 9 and 10 11

12 Figure the tax on the amount on line 11. Use the 1996 Tax Rate Schedules or Capital Gain
Tax Worksheet, whichever applies (see page J-3) 12

13 Enter the taxable income from your 1997 Form 1040, line 38; Form
1040A, line 22; or Form 1040EZ, line 6 13
14 Enter the amount from line 6 14

15 Add lines 13 and 14 15

16 Figure the tax on the amount on line 15. Use the 1997 Tax Rate Schedules or Schedule D,
whichever applies (see page J-4) 16

17 Add lines 4, 8, 12, and 16 17

18 Enter the tax from your 1995 Form 1040, line 38; Form 1040A, line
23; Form 1040EZ, line 10; or Form 1040-T, line 26 18
19 Enter the tax from your 1996 Form 1040, line 38*; Form 1040A, line
23; or Form 1040EZ, line 10 19
20 Enter the tax from your 1997 Form 1040, line 39*; Form 1040A, line
23; or Form 1040EZ, line 10 20
*Caution: Do not include any amount from Form 4972 or 8814.

21 Add lines 18 through 20 21

22 Subtract line 21 from line 17. If the result is less than the tax figured on the taxable income
on line 1 above using the 1998 Tax Table, Tax Rate Schedules, or Schedule D, also include
on Form 1040, line 40 22
For Paperwork Reduction Act Notice, see Form 1040 instructions. Cat. No. 25513Y Schedule J (Form 1040) 1998